Casper Daily Tribune Newspaper, December 12, 1921, Page 2

ree, Th, hg 1 1 ’ PAGE TWO be Casper Daily Cribune } t Casper, Natrona ibune Building. Ee ‘cnnecting All Departments Postoffice as second class 1916. ASSOCIATED PRESS . Premdent and Editor Advertising Representatives ¥ g & Prudden, 1720-33 Steger Bidg., Chicago, New York Ci Globe Bids. une are on file in offices and visitors SUBSCRIPTION BATES By Carrier advance amd the ong must be paid t sure Ge of Andit Bureau of Circulation (A. B. a Associated Preas ts exclusively entitled to tee news credited :1 this paper and hed herein. the Kick if You Don’t Get Your ; petween 6:30 and 8 o’cioske p. m- to receive your Tribune. A paper will be de messenger. Make it your duty your carrier misses you. Call 15 or 16 any time THE WORLD AND PROTECTION. fi the The Tribune has frequently called attention to the employment of protective ideas Se Sie ered the various countries of the world. e i oe te American plan has been acknowledged and bape SE many governments, particularly since the ape ot ditions have been so disrupted, by reason o: a er tainty of labor and materials supply that none ss ne manufacturing countries have felt safe to go ahead without safeguarding their interests by some ih 4 tariff protection. Leading the list in this peteries regard was Great Britain, which, in her. pe le “safeguarding of industries” act has provided fers duty of 33 per cent on an exhaustive list of artic as which may be added to as the commission recon } by that act may see fit. Other countries mentione: A with a summary of what they had done in this Ja ticular, were Austria, British East Africa, Britis! Honduras, Jugoslavia, Rumania, Australia, the he badoes, Czechoslovakia, Latvia, France, Japan and| Argentina, all of which have revised or are revising their tariff schedules upward. : : Great Britain is extending her “safeguarding of in- dustries” act in every tonceivable fashion, some of the extensions being amusing. In the case of compo- site articles, of which an article liable to duty forms a part, the duty is to be chargeable against the duti- able part. Hence, a doll with lamp-blown glass eyes, pays duty on the eyes, and an electric lamp with tung- ten wire filament, pays duty on the filament. To this list of protection countries may now be} added Finland, which according to the department of| commerce is considering “a general tariif revision along protective lines with a great increase in import duties, and an early adoption is predicted.” Monthly commerce reports state that “German import duties have been doubled by a decree effective November 23.” The new tariff of Latvia became effective Oc- tober 15. i Polish import duties on luxury goods,\ payable in paper marks, have been increased from 300 es the gold rate to 800 times those basic rates and on those ordinary commodities not specified in any other list, comprising ordinary merchandise, the duties, as paid in paper currency have been increased from 150 times the basic gold rates to 400 times those rates. This is said to offset considerably the fall of exchange, hence it means higher protection. Consul Withey, at Tahiti reports that, “‘a recent decree has increased all octroi de mer duties on goods imported into the Society Islands. Both the specific and ad valorem duties have been increased 20 per cent.” These dutigs are’ in addition to the regular customs duties and are collected when the import du- ties are paid. They represent an additional tax to get into that small but somewhat important market. . These actions on the part of competing nations are hard blows at the free traders. They used to point to England as a classic example of free trade, but England today is staunchly protectionist. Considered in thejy general aspects these tariff symptoms do somethi¢ to prove how inapropos was the league of nations conception which was based on the idea, privately supported by its sponsors, an@ pub- licly denied by them, that the nations of the world should acknowledge this body as a super-government and that internationalism should override national- ism. The whole tariff movement throughout the world is based on a remarkable revival of the spirit of nationalism, a revival which seems to follow after every great war. These tariffs are essentially nation- alistic, and the United States cannot get back to its own national tariff policy any too soon. The argument of the free traders that this would result in retaliation on the part of other nations has| been completely squelched. We have not yet returned to the protective policy, although it has already. found universal acceptance -tnd been crystallized into law in practically every commercial country but our own. °. THE VALUE OF SURPLUS. If the Lenins and Trotskys and their fellow bol- shevists in the United States had any reason they would butt against some rather hard facts in a recent statement of the Baldwin locomotive works. Accorc- ing to that statement that concern “is in strong finan- cial position netwithstanding the large amount of credits extended during the past year. - Ability to weather business depression with such satisfactory re-| sults to stockholders may be attributed to the enter-| prise and foresight of President Vauclain who utilized | his large surplus to get business on a deferred basis... .” As everybody knows, there was a great depression in various lines of manufacturing industry due to lack of orders. The lack of orders was not due to lack of demand but to lack of money. A concern that was in a position to extend credit could get orders and this was dore by the locomotive company mentioned. The company had built up ‘a large surplus out of net earnings and, to use a common expression, kept this surplus for use “on a rainy day.” The Lenins and Trotskys and their bolshevist friends in the United States do not believe in surpluses. They | would have the government confiscate not only the| surplus but the capital itself. Many others who would not entire! confiscate the capital or all of the sur- + nevertheless, impose an almost confis- would Jeave a corporation without ch to extend credit during de | | | locom@tive staten: quoted says that this credit business was done with] advantage to she stockholders. It might also have} said just as thfully that it was done with advan. tage to wage-carners. Without that surplus the con- cern would not have been able to extend credit; there would have been fewer orders for locomotives ; con-| named prices on their spring struction of locomotives would have been curtailed and| may he forced to take another thu ploym pensation at very slightly under war time wse-s. It is pertinent to remark in this connection, that if this locomotive organization had been operated on the Plumb plan, with control by the workers, there woul: have been no surplus built up. The management se- lected by the workers, desirous of currying favor with the workers, by making monthly incomes as large as possible, would have distributed the surplus in the form of wages or bonus, The internal politics of the management of a large concern whose managers are | selected by the employes would have forced the dis- tribution of all the profits leaving no surplus to be utilized in time of financial depression. Frequently in the past few months we have had ti- suggesti: that industry be kept moving by “extend- ing credit.” But if credit is to be extended, there must be someone to put up the money to meet the weekly or monthly payroll. Money to meet a pay- roll when credit is to be extended can be secured only through a surplus—the surplus of the concern itself or money borrowed from some other surplus. n this case ought to impress the minds of all those who look upon an accumulated surplus as an evidence of criminal profiteering. There is virtue in a surplus. ance WHY BE WRONG? “Ignorance of plain propositions is only too often|usual proportion of ra’ exhibited by metropolitan journals from which ‘we would expect better things. As witness the position taken by the New York Journal of Commerce: “One definite and important result of the Amer- ican valuation plan, if put into operation, it is feared might prove to be discrimination by the United States against the goods of countries against which the valuation plan is not directed. Further, the products of other countries proposed to be subject to the heav- iest penalties under the valuation scheme might find entrance into the country with impunity because of depreciated money values and disturbed exchange conditions.” But the proponents of the Anterican valuation plan point out that there covid be no such discrimination of the nature suggested inasmuch as the valuation plan applies to the goods themselves. An article im- ported from each of three countries, say Great Bri- tain, Germany end Japan, would be compared to a similar article of American manufacture whose whole- sale price was determined. If the American whole- sale value was $2 and the duty on the imported article was 50 per cent, this duty would be applied to the imported article on the American value basis, so that no matter whence it came it would pay 50 per cent of $2 or $1 duty. As for the factor of depreciated money values, it seems probable that congress will find a way to take care of that through a system of sliding scale duties, which might also cover other ad- vantages possessed by competing countries over our own. — pe EVIDENCE AND OBSTINACY. “If the juror swears to abide by the evidence,” says the Worcester Telegram, ‘‘and base his conviction of guilt or innocence upon it, there is no fault to be found. if he refuses to Be swayed by the opinion of his fellow jurymen. When, howeve?, a jurywoman picks up a paper in the jury room, turns a chair to the wall and announces that it is her intention to keep on vot- ing guilty ‘till hell freezes over,’ that she will not dis- cuss or give reasons for her conviction though her eleven fellows, having heard the same evidence, draw conclusion of innocence from it, the proposal to have juries’ verdicts determined by majority vote takes new aspect. “Many are the cases where the jury was hung by. ene juror who believed firmly in the innocence of the cused; rare indeed are those where it was hung by juror who is convinced of the guilt. The former situ-. ation has jn it element which has made it favorite of fiction writers, The latter, as in the Arbuckle case, rouses question. Most jury verdicts are reached by compromise, but when the foreman of a jury issues a statement that the prosecution’s case was an insult to the intelligence of the jury, there is further in- sbility to understand the reason for the hanging by refusal to even discuss the case, look at the exhibits, or consider the evidence in the jury room. “All that is to be said of the disappointing outcome of the trialvis that Mrs. Hubbard, having heard the evidence, made up her mind Arbuckle was guilty, and that the rest, under like conditions, made up their minds he was innocent, and that the law requires a jury's verdict be unanimous.” ARRAS RLS. AEE NEY A SPAVIWED STEED. i“ “The sad truth is that in the repudiation of the Versailles treaty the American people lost credit throughout the world.” Those are the words of one Wickham Steed, a London editor in attendance on the Washington conference, whose articles are being ex- tensively copied in the American press.. It would be difficult to conceive a statement more at variance with the truth, The American people never sub- scribed to the Versailles treaty, hence they could ney- er have repudiated it. The only occasion on which they expressed a formal opinion on that document was in the elections of last year when it was rejected by a majority of 7,000,000 votes. The utterances of Steed are but an example of the mental pabulum that is being offered th@American public by scores of for- eign correspondents now in Washington. ——____0. LOWER RATES IN SIGHT. Prompt action on the part of both the Railroad ba- bor Board and the Interstate Commerce Commissior. promises early solution of the problem of lower freight rates. The railroads want lower rates, as also do the shippers, but under a system which gives the government control over both rates and wages there cannot be sound action upon either without action upon both. The great fault in the McAdoo regime was that the great political manipulator of the Wil- son administration increased wages without making corresponding increases in rates, thus nearly bank- rupting the roads, These matters are being looke# after in a business-like manner™by the Republican ad- ministration. $< —____ THE USUAL WAY. “If the American industry is killed, American pro- duce will hereafter have to pay the price of a Ger- man monopoly,” asserted a spokesman of the Amer- ican potash industry, recently. And this applies to other industries as well. The cheap foreign product will be sold in America only as low as necessary to kill the Ambrican industry. When American producers are driven out of business, the price of the foreign product is raised as high as can be done safely. In the meantime, the workers in the American industry are out of employment. Ose eee $ ONE HUNDRED PER CAPITA. The allied debt to the United States is about 11% billions, including principal and unpaid interest. That amounts to more than $100 for every man, woman and child in the country. That is the money that the debt canceling fanatics want to take out of our pockets and present to their friends in Europe. Ae Cee ¢ old man’s Christmas present make it as light on his purso as possible ° the raw ‘ilk Instead of that, the locomotive works were|of the sarprising way operated on credit orders and the men received com-|!7arket das skyrocketed in the The facts} Makers of silk bosiery who few weeks. A month ago the Japanese silk was quoted at $6.40 ‘Sinshiu No. 1 at $6.10. Tho former was up to $7.40 and the latter t $7.02%§ on Nov. 24, with the market still rising. Such a difference in if maintained for any length of must show some effect in finial good prices. ‘There can be" no ment there, The question is, can the raw prices be maintained? In favor of a sustained higher we have a short fall crop of cocoons, comparative shortage of stocks in the pogsession of manufacturers, @ su normal quantity visible in the Japa- nese silk market—or, at least, a great deal less than a year ago, and very @o- tive business im this country in sili boetery. However, it is estimated that more last of and this country for several months past has been consumed by the knit goods industry, and particularly the hosiery|syndicate in Japan that branch. This is not, certainly, a nor- mal nor & healthy condition. It means that the makers_of silk fabrics have m consuming far less than their silk. With the raw market so strong In fice of this fact one might easily enough ex- pect even higher silk prices should the silk fabric. field stage a reel “come back.” In the writer's opinion, whether silk ig to stay up, and perhaps adyance, will depend on the improvement shown by the silk fabric industry for spring. At present this is-a moot question. If the slik market has to de-| pend very largely for support on the/ _—S—$ ————_—__— EX-SEAVICE MAN, ILL, FREED BY AUTHORITIES CHEYENNE, Wyo., Deg. 12.—Don- ald Hiker, ex-service man, dependent for support on a disabled veteran's allowance of $90 a month, who was committed to jail by Police Judge Yahey in default-of payment of a fine of $50 inflicted for an alleged assault on irs. Filer, was feleased Friday when Dr. C. ¥. Beard, his physician, filed an affidavit that the prisoner was suffering from tuberculosis and that con‘inement might result fatally. STATE HIGHWAY BRIDGE PLANS AT DOUGLAS ARE APPROVED BY BOARD DOUGLAS, Wyo., Dec. 12.—Plans for the state highway bridge across the Platte river at Douglas have beer! approved, according to word received by local authorities, and a model struc- ture is assured. Its cost will approxi- muate $¢0,000 and arrangements will] , be made by the Douglas community club for its proper lighting through conduits to be laid during its construc: tion: cepied for future —_———— SHEEP SOLD AT G00 PRIES AT WORLAND WORLAND, Wyo., Dec, 12.—Over 2,000 head of ewes were sald to J. A. Boyer of Rock Springs, ‘Wyo., at the latest auction held ‘here, the price paid being $6.30 a head, which is con sidered a good figure, James Nichol and B. M. Logan of Nebraska purchased 1,600 lambs at the sale for $3.55 a head. On December 17 another big sale will be staged here at which 6,416 head of sh¢ep will be sold. Check That Cold Right Away ASUDDEN chill—sneezes—stuffy he feeling in the head—and you have tl inning of a hard cold. Get right a! it, Just as soon as the sniffles tart, with Dr, King’s Ni i re For fifty years a eter wey: for colds, coughs and grippe. Afar d pb be drugs, nothing Fight down to the trouble’ and ‘help ature, You will soon notice a change for the better. Has > heali taste that thes Kiddies ike. Good for croupy coughs. All druggists, 60c. = in¢’s Dr. a New Disco For Colds and Cou lc Club 2c Club 5c Club 10c Ch Baggage Smashers emashers to handle your bag- gage and furniture? guarantee our work. SEE BEN TRANSFER Stanley Overbaugh, Prop. Phone 74 most capable buyers. How to Join IT Is EASY Look at the tables above and select the club you wish first deposit. We will make ib and give you a passbook show- to join, then bring in We are experts in moving |}| you a member of the baggage, ‘irniture, pianos and {I| ing the club you ha’ the eagerness with which they are deliveries by ; | cH] Hit i r 4 jeach month should be sold for a period = 8) Sacus]awer(0" —$—$—- r By having us sand your interior finish you save from $20 to $80 on the average 5-room house. Just tell your lumberman to have us sand your finish. ' Casper Mfg. and Construction Co. Phone 1096-J START NOW : JOIN OUR You can start with Ic, 2c, Se, 10c, 28, 50c, $1, $2, $5, $10, $20 or more. | This is the easy way to have money next Christmas. JOIN TODAY ‘ i i j 4 Se petal For Short Term : Typewriting Bookkeeping Second and Durbin Now Open--Join Today OUR NEW from CHRISTMAS CLUB 2. next Xmas you will have you a ly. What the Different Clubs Amount to in 50 Weeks INCREASING CLUB PLAN Deposit 1c 1st week, 2c 2nd week. Increase 1c each week—in 50 weeks Deposit 2c ist week,4c 2nd week. Increase 2c each week—in 50 weeks Deposit Bc ist week, 10c 2nd week Increase 5c each week—in 50 weeks Deposit 10 Ist week, 20c 3nd week Increase 10¢ each week—in 60 weeks EVEN AMOUNT CLUB PLAN $12.75) 25¢ Club worn to wees $ 12.50} $5 Club 25.50) 50c Club 63.75) $1 127.50| $2 Cab week—in 50. weeks Desposit $1.00 each ‘Week—in 60 weeks Deposit $2.00 each Week—in 60 weeks 25.50/$10 Club 100.00/$100 = IT IS SIMPLE Qur Christmas Club is a weekly. 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